Singapore Airlines (SIA) said that it is exploring a potential merger of Vistara with Tata Group’s Air India. Tata Group has a 51 per cent stake in Vistara, while SIA holds the balance 49 per cent, as per a news report in the Financial Express. This is the first time that SIA has officially acknowledged…
Air India comes home! AI goes back to the Tatas after 68 years as it wins bid for USD 2.4 billion
In a new dawn for the Indian airlines industry, the national carrier Air India has gone back to its original founders. The Tata Sons won the bid to acquire the airline today. The Tatas placed a winning bid of INR 18,000 crore (USD 2.4 billion) to re-acquire the carrier more than half a century after…
